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Tuesday, July 28, 2020

Recent Buy MMM

I made a small purchase today of MMM today. 2 shares at $155.50. This was following the dip due to missing expectations on short term earnings. I believe 3M is a solid company long term. This was a chance to make a long term buy on short term bad news. One thing is for certain in the short term they will be able to sell plenty of respirators. Once the economy opens and we are on the other side of this crisis, I believe there will be a tremendous pickup in auto production and sales as well as elective medical procedures. Since the world doesn't end often, I'm going to look at this as a nice defensive buy and a solid 3.68 yield.

Not the most exciting buy. Just another small building block.

Disclaimer

Material presented on 'Dividend Seedling' is for informational and entertainment purposes only and is the opinion of the author (a social studies teacher and not a financial advisor). None of the information should be relied on or taken as investing advice or a recommendation to invest. None of the information or opinions expressed, constitutes a solicitation of the purchase or sale of any security or investment of any kind. Please do your own research before making any investments. Do not making any purchases unless you are prepared to lose your entire investment.

 Disclosure: Long MMM

1 comment:

  1. Dividend Seedling -

    Nice pick-ups, never a bad thing to pick up a dividend king!

    -Lanny

    ReplyDelete

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